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Credit Crunch vs. Central Banks - You Lose

28 December 2007
Credit Crunch vs. Central Banks - You Lose by gjohnsit Wed Dec 26, 2007 at 10:04:38 AM PST "If I had to be bold I’d say we began a recession in December."    - Bill Gross, Pimco Funds founder The credit crunch that started in August is threatening to bring the economies of the entire 1st world to a grinding halt.   To combat that the central banks of America and Europe are pumping cheap money into the markets at an unprecedented rate. These actions are not without (...)


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